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I just want the final answer 6 Spears Co. had net sales of $49,404 million. Its average total assets for the period were $15,902 million.

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6 Spears Co. had net sales of $49,404 million. Its average total assets for the period were $15,902 million. Spears' total asset turnover equals: 16 points Multiple Choice 8 01:49:41 0.32 4.94 O 3.11 7 Mohr Company purchases a machine at the beginning of the year at a cost of $33,000. The machine is depreciated using the double-declining balance method. The machine's useful life is estimated to be 5 years with a $6,000 salvage value. Depreciation expense in year 2 is: 16 points Multiple Choice 8 01:49:15 $7.920 $13.200. $19.800 A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is: 9 Multiple Choice 16 points 8 14 Debit Cash $4,000 credit Preferred Stock $4.000 Debit Preferred Stock $2,100, debit Investment in Preferred Stock $1,900; Credit Cash $4,000, Debit Cash $2,100, credit Preferred Stock $2,100

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